145 Atlantic Ave Atlantic Ave Westerly, RI 02891
- Land
Current Use by Public Records
- Land
Property Details for 145 Atlantic Ave Atlantic Ave
- Year built
- 2015
- Property type
- Land
- Property subtype
- Hospitality properties
Description
This exceptional beachfront inn presents a lucrative investment opportunity. Located at 145 Atlantic Avenue in Westerly, Rhode Island (zip code 02891), this 2015-built property sits on a desirable 22,216 square foot lot. The three-story building features 23 guest rooms, each complete with a private bath and private balcony offering stunning Atlantic Ocean views. An additional office space is available for guest services. The inn's prime location in Misquamicut, bordering Watch Hill and Weekapaug, provides easy access to the coastal charm of Rhode Island. Conveniently situated just 45 minutes from T.F. Green Airport in Providence, this property also benefits from Westerly's train station, offering convenient commuting options to New York and Boston. The town of Westerly itself boasts a quaint, appealing atmosphere and also has a private airport. This unique property offers significant potential for growth and return on investment in a highly sought-after coastal location. The asking price is $7,500,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westerly
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.8102
- Latitude
- 41.3219
